Early Lessons and Practical Approaches
to the New Valuation Standard
CD of Teleconference with Q&A
Click here for program outline
Conducted on Thursday, September 4, 2008
Now available on CD
Accounting Teleconference Advisory Board
Accounting firms and their corporate clients face significant challenges in acclimating to FAS 157, which took effect with fiscal years beginning on or after Nov. 15, 2007. FASB's standard makes companies use a new hierarchical framework to measure the value of assets and liabilities.
In practice, FAS 157 has proved enormously confusing to companies and accountants on how to value inputs that seem unobservable or complex and the level to which valuation approaches must be disclosed, among other issues. FAS 157 has been in effect only a short while, but accounting professionals are finding their way as they put it into practice, based on early experiences.
Listen as our panel of veteran advisers both bottom-lines the key terms of FAS 157 and suggests practical compliance strategies.
The panel included:
Chris Esposito, Partner, Securitization Advisory Services, Deloitte & Touche, New York. He has 16 years of experience at Deloitte and works with securitizers of various types of international and domestic assets, particularly collateralized debt obligations and derivatives.
Stephen Etter, Partner, Greyrock Capital Management, San Francisco. He has given presentations on FAS 157's impact on the private capital sector. His career also includes posts at GE Capital, Barclay's Bank, Citicorp and Price Waterhouse.
G. Thomas Stromberg, Partner, Corporate and Finance Law, Kaye Scholer, Los Angeles. He is very familiar with the legal aspects of FAS 157. At the firm, his specialties include M&A, private equity, joint ventures and corporate governance, affecting clients in a variety of industries.
The panel better prepares you when it comes to:
- Making tough choices about segregating observable and unobservable inputs into Level 1, Level 2 and Level 3 inputs.
- Using a mark-to-model approach in the absence of an established market of observable inputs.
- Developing the internal infrastructure needed for a company to fully comply with FAS 157.
- Deciding whether companies need to take a write-down even if an asset hasn't started to incur losses on a cash-flow basis.
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.